Globalization at crossroads of warfare, revolution, and universalization: The Islamic panacea, stratagem and policy instruments
Muhammad Iqbal Anjum
Purpose – The proposed paper aims at contributing an objective analysis of the nature, agenda and politico-economic and strategic dynamics of the contemporary movement of globalization. The paper is going to explore the significant patterns of economic changes, which have culminated into global warfare, resulting from the contemporary world-level experiences of globalization and the corresponding revolutionary tendencies responses encountered on the global level. Design/methodology/approach – In this background, the rationale for adhering to the Islamic program of universalization shall be addressed from the point of view of the sustainable development of the Islamic world. Findings – Because of either the perpetual nature (e.g. in case of Pakistan's debt crises) or recurring nature (e.g. in case of Malaysia's slow down in 1997-98 and in 2001) of the economic crises of the Islamic countries within the prevailing framework of the capitalistic globalization, the inevitable way out for the realization of the sustainable economic and human development in the Islamic world seems to be offered only by the Islamic program of universalization. Originality/value – This is perhaps the first attempt to analyze globalization vis-a-vis its multidimensional impact on the Islamic world.
Capitalist systems, Globalization, International investments, Islam
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